Welcome to VERCIDA website.

Skip to main content
Enable Recite to make this website accessible

Profile completeness

Did you know that users who have filled in their profile details are 42 times more likely to get matched with the right employer?

security illustration Help us find the best workplace for you by sharing more about yourself. We will never disclose your information with others.

Job description

Job Description:
Risk Officer - 2LoD

Reporting to: Group Risk Director

Location: Flexible on base location

This multi-faceted role offers an exciting opportunity for a risk professional. You will support the Group's central Risk Team in coordinating and carrying out risk management activities spanning across various geographical business units and legal entities. Exposure to different regulatory regimes operating across multiple jurisdictions, alongside understanding the complexity of operating within a group framework will provide the successful candidate with an excellent foundation in Enterprise Risk Management. There is frequent exposure to key internal and external stakeholders and the role also involves providing credible second line challenge to the business.

The Team:

The Risk team is responsible for facilitating the implementation, delivery and oversight of Hiscox's Risk Management Framework which includes risk appetites, emerging risks and incident capture and analysis operating to a three lines of defence risk management model. As a second line function, the Risk team balances its role of supporting the business with its responsibility to provide credible, effective challenge. The team produces high profile reporting that is seen by Executives, Boards and Risk Committees both at a Group level and for subsidiary legal entities. In some instances this reporting is also provided to regulators.

Key responsibilities:

  • Provide support to the Group Risk Function in delivering its objectives.
  • Support the Risk Function in managing and embedding: the Risk and Control Self-Assessment (RCSA) process; Group risk policies; the Risk and Control Register (RCR); Internal Controls Framework (ICF); and Critical Risk Tracker.
  • Assist with the preparation of papers and documents to be discussed at Board level and Executive level Risk Committees.
  • Support the production of the Own Risk and Solvency Assessment (ORSA) reports across the Group, leading in selected areas or for specific legal entities.
  • Support the analysis of reported risk events and consider how external datasets can be used to help inform internal analysis.
  • Contribute to business second line challenge through involvement in stakeholder meetings and specific risk reviews.
  • Develop their subject matter expertise, including through self-study, attending industry / market meetings.
  • Stay abreast of regulatory developments in respect of risk management and the commensurate requirements and implications to the business.
  • Take a role in the delivery of regulatory requirements including submissions to a range of regulators of the Hiscox group.
  • The role has direct exposure to the Group Risk Director and Group Chief Risk Officer on a day-to-day basis.

Person Specification:
Qualification / Technical experience:

  • Proven knowledge or experience of Enterprise Risk Management or a focused risk area. Risk experience through insurance audit, compliance or consultancy roles will be considered.
  • Solid understanding of key enterprise risk techniques and related common good practice along with some deep knowledge and experience in key risk types as applicable to insurance / reinsurance
  • Experience in meeting corporate and regulatory requirements and related reporting.
  • Motivate and collaborate: leverage strong interpersonal skills to interact with, influence and encourage risk owners and business stakeholders to positively respond to questions, inquiries and requests for information; also, be genuinely open to receiving and integrating feedback.
  • Qualification or progress towards qualification in related field (e.g. risk management, insurance, finance, accounting).
  • Knowledge of Lloyd's market is advantageous.

Diversity and Working Patterns

At Hiscox we care about our people. We hire the best people for the job and we're committed to diversity and creating a truly inclusive culture, which we believe drives success. We have also learned over the past 15 months that working life doesn't always have to be in the office, and when it's safe to do so, we will be introducing hybrid ways of working to encourage a healthy work life balance.

We anticipate the successful candidate for this role will be in the office up to 3 days a week.

We see it as the best of both worlds: structure and sociability on one hand, and independence and flexibility on the other.

If you would like to know more about the role, or you are having any difficulties with the application process please send your CV and the four-digit job ref number to
[email protected]
Job Sector
Job Position
Estimated Salary
London, UK Show on map
Post date
Closing date

How would you fit?

Learn more about Hiscox

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

Articles you might like

Other jobs in Insurance

SMCR Certification Manager

York, UK

posted 8 hours ago

Data Scientist

Data Scientist
Norwich, UK

posted 8 hours ago

You will receive an email with link to reset your password.

Enter your new password